XAGUSD_15M XAGUSD_15M BULLISH
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Xagusdlong
XAGUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDXAGUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
💡Don't miss the great buy opportunity in XAGUSD (SILVER)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.64).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 23.20
TP2= @ 23.56
TP3= @ 23.91
TP4= @ 24.52
TP5= @ 25.03
SL= Break below S2
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perfect cypher in silver $22 to $28confirmations of buy
1. now price accumulate weekly demand zone
2. perfect hormonic pattern formation complete next move reaching target only, the target is $28
3.chances to form double bottom formation
this is learning purpose only kindly do your own research also
#XAGUSD #LONG
💡Don't miss the great buy opportunity in XAGUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 22.787
TP2= @ 23.124
TP3= @ 23.404
TP4= @ 23.700
TP5= @ 23.954
TP6= @ 24.289
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
SILVER VIEW Silver right now in consolidation phase and at strong support zone important levels r marked on the chart . Right now we can buy for $29 and $32 in short term if price remain above 200 day EMA (Can be use as SL) .
Expecting Pull back from the current level as we have already seen demand in past at current level .
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/ 01 /2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XAGUSD - BULLISHDescription:
The counter XAGUSD is moving upwards in the support trend line from 06th May. The support trend line has been tested thrice at the prices 25.68, 27.18 and 27.55. The price is still maintaining above the support trend line and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. The existing bullish trend is expected to continue for this condition. The upward movement of the MACD indicator curves gives additional support to the description.
The major levels for this counter are
R2 – 28.32
R1 – 28.10
PP – 27.74
S1 – 27.53
S2 – 27.16